Chart Industries, Inc. (NYSE:GTLS) Receives $200.00 Average PT from Analysts

Chart Industries, Inc. (NYSE:GTLS - Get Free Report) has received a consensus recommendation of "Buy" from the twelve research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $200.00.

A number of brokerages recently weighed in on GTLS. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Stifel Nicolaus lowered their price target on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley dropped their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Barclays upped their price objective on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, TD Cowen lowered their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd.

Chart Industries Stock Up 1.7%

GTLS traded up $2.59 during trading on Friday, hitting $151.20. 787,539 shares of the company's stock traded hands, compared to its average volume of 768,720. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 0.58 and a beta of 1.71. The company's 50 day simple moving average is $149.78 and its two-hundred day simple moving average is $168.46. Chart Industries has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the firm posted $1.49 earnings per share. Chart Industries's revenue was up 38.8% compared to the same quarter last year. Analysts predict that Chart Industries will post 9.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Capital Analysts LLC bought a new position in shares of Chart Industries during the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Chart Industries in the first quarter worth approximately $25,000. Global X Japan Co. Ltd. boosted its position in shares of Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock worth $25,000 after purchasing an additional 100 shares during the period. Brooklyn Investment Group increased its stake in shares of Chart Industries by 19,900.0% in the first quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock worth $29,000 after purchasing an additional 199 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Chart Industries during the 1st quarter valued at $30,000.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.